CRE This Week: What's impacting the Canadian market
June 10, 2026 - Canada commercial real estate market insights, indicators, and notable transactions
June 10, 2026
Welcome to the latest edition of CRE This Week, curated by Altus Group’s Canada research team.
Our team has handpicked new and noteworthy market indicators, articles, and significant industry transactions that are impacting Canada's commercial real estate sector. We understand that your time is valuable, so we're excited to deliver research that helps you stay informed and saves you some time each Wednesday morning.
FEATURED TrANSACTIONS
Canada property transactions
Greater Toronto Area: Apartment
370 Lakeshore Road East, Oakville
$11,350,000
$630,556 per unit
Greater Vancouver Area: Apartment
11300 Pazarena Place, Maple Ridge
$17,250,000
$718,750 per unit
Brokers: Chris Harper, David Venance, Patrick Hannah, Alex Priatel (Cushman & Wakefield)
Greater Edmonton Area: Retail
5401 Magasin Avenue, Beaumont
$4,300,000
$203 per sq. ft.
Greater Golden Horseshoe: Apartment
334 King Street North, Waterloo
$1,862,000
$124,133 per unit
Broker: Mo Rasouli (Re/Max Realtron Realty)
Greater Toronto Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Apartment | York | 2220, 2222, 2292 Weston Road | $60,800,000 | $275,113 | per unit | |
Industrial | North York | 420 Carnarctic Drive | $16,636,620 | $375 | per sq. ft. | |
Retail | Brampton | 6141 Mayfield Road, #42 | $9,038,930 | $691 | per sq. ft. | Vick Khuman & Gordy Khuman (Re/Max Gold Realty Inc.) |
Greater Vancouver Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Industrial | North Vancouver | 1481 Dominion Street | $2,100,000 | $671 | per sq. ft. | Ross Forman & Jeff Pilkington (Babych Group Realty Vancouver) |
Office | Burnaby | 4279 Dawson Street, #314 & #315 | $1,800,000 | $1,044 | per sq. ft. |
|
Retail | Maple Ridge | 11910 227th Street | $1,500,000 | $423 | per sq. ft. | Joey Yoo (Marcus & Millichap) |
Greater Edmonton Area
Sector | Municipality | Address | Price | Unit Price | Parameters |
|---|---|---|---|---|---|
Industrial | Edmonton | 12510 126th Avenue NW | $2,800,000 | $205 | per sq. ft. |
Industrial | Leduc County | 702 23rd Avenue | $2,500,000 | $248 | per sq. ft. |
Hotel | Edmonton | 4403 118th Avenue NW | $1,890,000 | $111,176 | per unit |
Greater Golden Horseshoe Area
Sector | Municipality | Address | Price | Unit Price | Parameters | Brokers |
|---|---|---|---|---|---|---|
Apartment | Hamilton | 52 Sulphur Springs Road | $5,335,000 | $177,833 | per unit | Alexander Silver & Tut Ruach (Colliers) |
Industrial | Waterloo | 90 Baffin Place | $3,275,000 | $328 | per sq. ft. | |
Industrial | Brantford | 18 Spalding Drive | $2,750,000 | $255 | per sq. ft. | Achint Ahluwalia & Chintan Ahluwalia (Re/Max Realty Specialists), Ed Doucet (Re/Max Twin City Realty) |
Market Indicators
Land & Development Conference: Highlights from the Altus team
Informa recently held their annual Land & Development conference in Toronto. Our team brought back their key takeaways from the event:
#1) Retail intensification is gaining traction as residential pro formas remain under pressure
With financing costs elevated and condo oversupply persisting, mixed-use residential components have become financially unviable on many properties. Developers are increasingly turning to retail intensification instead, offering shorter downtime and faster ROI. The panelists noted that this trend is particularly visible in Alberta. That said, our team observed select premier Calgary hubs appear to be defying the pattern, with major mixed-use projects still advancing at high-profile, transit-anchored sites.
#2) Housing is medicine
The luncheon keynote made the case that real estate and healthcare can no longer operate in silos. With seniors 85+ projected to grow 52% over the next decade and hospitals taking 8 to 10 years to build, integrated planning is becoming critical. Data shared on Dunn House pointed to a 52% reduction in emergency department visits and a 79% drop in hospital bed days among residents, relieving acute care pressure through supportive housing solutions developed by cross-sector collaboration.
#3) The industrial land market is slow, but demand hasn’t disappeared
Panelists framed the current pullback in industrial land transactions as a result of economic and structural factors, not a lack of demand. Elevated development costs, financing headwinds, and a persistent bid-ask gap are stalling activity. Many landowners with strong balance sheets are choosing to hold rather than transact at discounted valuations.
INSIGHTS Spotlight
Catch the latest research and insights from Altus
Performance under pressure: What four CRE leaders agree on, and why it starts with data
What does it take to measure and manage portfolio performance in the current market and data landscape? This article shows why data quality, valuation consistency, and AI all point back to the same foundational problem, and how the leading firms are pulling ahead.
Investing in Canadian CRE in 2026: How data and AI are changing the way CRE decisions get made
Missed the live panel? The on-demand recording is now available. Hear from experts at Newmark and Centurion Asset Management on where Canadian CRE stands in 2026, and what the data is really telling us.
About our research team
Edward Jegg
Research Manager, Data Solutions
Altus Group
Edward Jegg serves as a Research Manager on the Data Solutions team at Altus Group, leveraging over 35 years of extensive experience in the commercial real estate sector to deliver market intelligence to the industry. Jegg plays a key role in creating and disseminating detailed market reports across Canada, providing stakeholders with timely insights for investment decision-making. Jegg is a recognized expert, frequently offering media commentary on real estate trends and recently receiving the prestigious Chair's Award of Merit from BILD for his outstanding contribution to the field.
Jennifer Nhieu
Senior Research Analyst, Data Solutions
Altus Group
Jennifer Nhieu is a Senior Research Analyst, Data Solutions with Altus Group, where she specializes in providing timely, data-driven insights into the Canadian market. Leveraging her background in commercial real estate and geographic information science, Jennifer is a key contributor to Altus Group’s quarterly research insights. She transforms complex data sets into clear, actionable intelligence, helping stakeholders make informed decisions.
About the Data Solutions team
Behind every update in our newsletter is the work of our Data Solutions team, a group dedicated to keeping you informed on commercial real estate activity across Canada. From Vancouver to Toronto (and everywhere in between), they track transactions, visit properties, and add the local context that numbers alone can’t capture. Their work goes beyond deals, by providing insights into new home developments and sales trends, as well as detailed office and industrial inventory data across key markets, from Montreal and Calgary to Winnipeg, Quebec City, and Atlantic Canada.
Disclaimer: The opinions expressed in this newsletter are solely those of the authors and are not endorsed by Altus Group Limited, its affiliates and its related entities (collectively “Altus Group”). This publication has been prepared for general guidance on matters of interest only and does not constitute professional advice or services of Altus Group. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy, completeness or reliability of the information contained in this publication, or the suitability of the information for a particular purpose. To the extent permitted by law, Altus Group does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. The distribution of this publication to you does not create, extend or revive a client relationship between Altus Group and you or any other person or entity. This publication, or any part thereof, may not be reproduced or distributed in any form for any purpose without the express written consent of Altus Group.
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